Is that currently supplied by the furnaces?

Even though most HELOCs have a variable interest rate and are subject to go higher, no HELOC would ever dream of approaching 50% interest.

I offered his full asking price but in addition to my "cash offer" I also offered to pain the lien, to hire movers for him, provide moving supplies, provide a 10x20 storage paid for 3 months.

The demand for real estate and rental property is so strong that less than a four week supply of housing inventory listed for sale ( as of April 2022). 

There is a supply shortage in new homes thus making rentals in high demand and driving rents up.If you have any questions I would love to connect.

That's how crunched all supply chains are right now. 

Theres a lot of variables that will determine the answer to your question..To @Eric P. point, make sure your protecting yourself from surprise costs and really crunch the numbers. 

Municipalities have started banning STRs across the Country due to neighbor complaints about tenant turnover, noise, etc.Since you're looking at covering a large area, get good at finding and coordinating service companies to meet the needs of a hospitality business: cleaning, supplying, maintenance, etc.My $0.02 ...

Intertest only variable rate.

A variable component such as the HOA can be a deal breaker, will keep that in mind, thanks Marc!